Discussion:
Project Risks WBS and Budget Updates
Identify the additional tasks that are associated with planning, monitoring, and controlling risks.
Put this in a WBS structure so that they can be added to an existing plan.
Determine a contingency budget to mitigate the risks that are most likely to occur.
Determine additions to the project plan budget to monitor and control risks.
Project Risks Communications Plan
Identify the stakeholders that communications should go to.
Determine the frequency of communications.
Construct the types of reports and how they will be delivered.
Discuss how this might be integrated into the change management process.
Define who has the final authority for sign-off to extract from the contingency budget to mitigate risks.